Home Values

98221 Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$325,800

  • 7.1% 1-year change
  • 1.5% 1-year forecast

The median home value in 98221 is $325,800. 98221 home values have gone up 7.1% over the past year and Zillow predicts they will rise 1.5% within the next year. The median list price per square foot in 98221 is None. The median rent price in 98221 is $1,475, which is the same as the Anacortes median of $1,475.

Foreclosures will be a factor impacting home values in the next several years. In 98221 1.3 homes are foreclosed (per 10,000). This is greater than the Anacortes value of 1.2 and also lower than the national value of 3.9

With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of 98221 homeowners underwater on their mortgage is 9.8%, which is higher than Anacortes at 9.6%.

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Relative ZHVI
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98221 Market Overview

Data through Apr 30, 2015
  • $325,800 ZHVI
  • 1.5% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Apr 30, 2016)
  • No data Median listing price
  • $288,725 Median sale price
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98221 Market Health

Data through Apr 30, 2015
  • 9.1/10 Very healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
    (Feb 28, 2015)
  • No data Average days on Zillow
  • 9.8% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • No data Delinquent on mortgage (6.3% US Avg)

Homes foreclosed (per 10,000)

1.3 homes 98221
1.2 homes Anacortes
3.9 homes United States
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Nearby Zip Codes

Name Median ZHVI
98261 $438,800
98262 $367,700
98232 $330,600
Name Median ZHVI
98229 $284,100
98225 $272,800
98257 $240,300
Name Median ZHVI
98277 $220,900
98233 $199,900
98273 $199,600

Listings & Sales

Data through Apr 30, 2015
  • No recent data Median list price / sq ft
  • $198 Median sale price / sq ft
  • No data Listings with price cut
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98221 Rentals

Data through Apr 30, 2015
  • Zillow Rent Index

  • $1,496 98221
    $1,440 Anacortes
    $1,364 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 3.1 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • $1,475 Rent list price
  • $0.88 Rent list price / sq ft
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